Tomarrow's action will prove it, low volume and holding at 8ish, will prove we hit the bottom. I have seen the same story with lots of other issues which are in fast growing internt sectors. Like NAVR or WAVO and others, started from 2ish, then three days upward moves to 20sh, followed by big drops back to under 10, then volume slows down, slowly but surely moves up and build up strength.
But this sector printing money, and no hype about potentials, cause it is happening, everybody is trading, in and out of stocks, spend 20 here, 40 there, sometimes everyday, so this sector will move up faster. It's time for me start accumulating, Building up a good base and stay LONGS.
FM |
